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11. Cash Flows Ritter Corporation's accountants prepared the following financial $132,000. statements for year-end 2015:...

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Accounting

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11. Cash Flows Ritter Corporation's accountants prepared the following financial $132,000. statements for year-end 2015: a. Explain the change in cash during 2015. b. Determine the change in net working capital in 2015. c. Determine the cash flow generated by the firm's assets during 2015. RITTER CORPORATION Income Statement 2015 Revenue Expenses Depreciation Net income Dividends $785 575 90 $120 $ 95 RITTER CORPORATION Balance Sheet December 31 2015 2014 Assets Cash Other current assets Net fixed assets Total assets Liabilities and Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and equity $ 80 185 405 $670 $ 60 170 385 $615 $140 160 370 $125 150 340 $615 $670

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